... US business became more dispersed by the separation of industry and finance. The turn of the 20th Century sparked the "managerial revolution", management became separated from ownership in corporations, and a rise of large companies and a corporate elite. The primary purpose of economic activity in Germany is to endeavor the balance of market efficiencies and social concerns ... advantages and disadvantages. Germany's dual boards system may reduce labor strife, but it makes it more difficult for German mangers to reallocate resources, providing strong rights for banks, weak protections f...

• Word Count: 840
• Approx Pages: 3
• Grade Level: Undergraduate